Business Fixed Term Deposit

A fixed rate of interest for a set period of time, so you'll always know exactly how much interest you'll earn at the end of the term.

At a glance

What is the minimum deposit? £100,000.

What is the maximum deposit? £5 million.

Can Close Brothers Savings change the interest rate? No. Your rate is fixed, so it will stay the same for the entire term of your savings account. 

How do I open and manage my account? To open an account please complete our enquiry form. To manage your account, simply call or write to us.

Can I withdraw money? No. You can't take money out of a Fixed Term Deposit. 

Can I put money in after my first deposit? No, we will only accept one single payment of funds into the account.

Can't find what you're looking for?

Sorry we aren’t currently offering any Business Fixed Term Deposit

We are always offering new products and terms. Sign up to be the first to hear about our new product releases.

We will only send you emails relating to new product releases. View our privacy policy

Additional information

*AER:

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year

Gross PA:

Gross P.A. means Gross Per Annum, i.e. before tax is deducted (at the legal rate).

At a glance

What is the minimum deposit? £100,000.

What is the maximum deposit? £5 million.

Can Close Brothers Savings change the interest rate? No. Your rate is fixed, so it will stay the same for the entire term of your savings account. 

How do I open and manage my account? To open an account please complete our enquiry form. To manage your account, simply call or write to us.

Can I withdraw money? No. You can't take money out of a Fixed Term Deposit. 

Can I put money in after my first deposit? No, we will only accept one single payment of funds into the account.

Why choose Close Brothers Savings?

We're part of leading UK merchant banking group Close Brothers Group plc with over 140 years successful trading experience and have been providing dedicated personal savings accounts to UK residents and businesses since 2008.

Consistently competitive rates

Whatever your future plans, you can depend on our strength and security to take good care of your money. Our savings products are always competitive, with options to suit your needs.

Highly rated

One of the UK's highest rated banks with an Aa3 credit rating from Moody’s Investors Service (Correct as at 13 July 2021) and an A- rating from Fitch Ratings Ltd (Correct as at 16 May 2022).

Personalised service

Our network of Business Development Managers deliver the highest levels of specialist service across a range of industries.

FSCS logo

Financial Services Compensation Scheme (FSCS)

Your eligible deposits held by a UK establishment of Close Brothers Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.

For further information, visit www.fscs.org.uk